Nationwide

Warding Off Development: Local Control, Housing Supply, and NIMBYs

Published: 2020 | Evan Mast | The Center for Growth and Opportunity Abstract Local control of land-use regulation creates a not-in-my-backyard (NIMBY) problem that can suppress housing construction, contributing to rising prices and potentially slowing economic growth. I study how…

The Gap: A Shortage of Affordable Homes

Published: 2020 | Andrew Aurand, Dan Emmanuel, Diane Yentel | National Low Income Housing Coalition Abstract A large-scale, sustained commitment to affordable housing for people with the lowest incomes, through such programs as the national Housing Trust Fund (HTF), Housing…

It’s Time to End Single-Family Zoning

Published: 2020 | Paavo Monkkonen, Michael Lens, and Michael Manville | Journal of the American Planning Association Abstract Local planning in the United States is unique in the amount of land it reserves for detached single-family homes. This privileging of…

Consumer-Lending Discrimination in the FinTech Era

Published: 2019 | Robert Bartlett, Adair Morse, Richard Stanton, Nancy Wallace Abstract Under U.S. fair-lending law, lenders can discriminate against minorities only for creditworthiness. Using an identification under this rule, afforded by the GSEs’ pricing of mortgage credit risk, we…

Urban Growth and its Aggregate Implications

Published: 2019 | Gilles Duranton, Diego Puga | Public Economics Abstract We develop an urban growth model where human capital spillovers foster entrepreneurship and learning in heterogenous cities. Incumbent residents limit city expansion through planning regulations so that commuting and…